Examples of Fitch in a sentence
The City shall give written notice to the Bank as soon as practicable of the increase, decrease, withdrawal or suspension of any rating maintained by Xxxxx’x, Fitch or S&P, to the extent such Rating Agency is then maintaining a rating on the Subordinate Xxxx Xxxxx or any Separate Lien Obligations.
The country in which such entity is domiciled must have a long-term sovereign (or equivalent) rating of AA+/Aa1 from at least two of the following rating agencies: S&P, Xxxxx’x or Fitch.
For example, the initial ratings of the Notes by S&P and Fitch will not address the likelihood that the principal on the Notes will be prepaid or paid on the scheduled maturity date.
The City covenants and agrees that it shall not at any time withdraw any long-term unenhanced rating on the Subordinate Xxxx Xxxxx or any Separate Lien Obligations from any of Fitch, Xxxxx’x or S&P if the effect of such withdrawal would be to cure a Default or an Event of Default under this Agreement or reduce the Facility Fee.
Fitch means Fitch Ratings, and its successors and assigns, and, if such organization shall be dissolved or liquidated or shall no longer perform the functions of a securities rating agency, “Fitch” shall be deemed to refer to any other nationally recognized securities rating agency (other than Moody’s and S&P) designated by the Treasurer Representative.